Tag Archives: Oil

Mixed trading dominated the prices of US crude oil futures contracts yesterday, within a negative path, and the intraday oil movements are still stable below the resistance level of 71.55. Technically, the 50-day simple moving average pushes the price to the upside. On the other hand, negative features still dominate …

Global oil prices fell on Monday, reversing gains made last week, as doubts about China’s economy overshadowed OPEC+ production cuts and the reduction in the number of oil and gas rigs operating in the United States for the seventh consecutive week. Brent crude fell 68 cents to trade at $75.93 …

The macroeconomics situation of the US has generally improved better than anticipated and is likely to improve further. This is expected to reduce upward support on the dollar’s value.Although the June FOMC meeting gave the impression that hawkish policymakers were taking a break by raising the terminal rate for this …

Oil rose on Friday and posted a weekly gain, as higher Chinese demand and OPEC+ supply cuts lifted prices. Brent crude gained 94 cents to settle at $76.61 a barrel, while US West Texas Intermediate (WTI) crude rose $1.16 to $71.78. Brent posted a weekly gain of 2.4% and WTI …

Oil prices are heading to record a weekly rise on Friday, after incurring losses for two consecutive weeks, amid optimism about the rise in energy demand in China, the largest importer of crude, and the weakness of the dollar. By 0632 GMT, Brent crude futures rose 20 cents, or 0.3 …

On Thursday, oil prices rose 3% to a one-week high as the US currency weakened and new data showed an increase in refinery operations in China, the world’s largest crude importer. By 1:00 p.m. EDT (1700 GMT), Brent futures were up $2.07, or 2.8%, to $75.27 per barrel and even …

Crude oil futures prices declined significantly after failing to stabilize for a long time above the psychological barrier of $70.00, and the intraday movements are witnessing stability near its lowest level during the early trading of the current session, $97.95. Technically, with the continuation of moving below the simple moving …

US crude oil futures prices incurred significant losses during the last session’s trading within the expected downside trend. It touched the official target station at 67.80, recording its lowest level at $66.8 per barrel. Technically, by looking at the 240-minute chart, we find the continuation of the negative intersection of …

US crude oil futures prices continue to incur losses within the bearish technical outlook, as we expected, touching the first target at 70.00, and approaching by a few points from the official station at 69.00, recording its lowest level during the early trading of the current session, at $69.33 per …

Oil prices rose on Friday and were broadly stable for the week as Saudi Arabia’s pledge to cut production helped calm concerns about demand growth. And by 0932 GMT, Brent crude futures rose 36 cents, or 0.5 percent, to $ 76.32 a barrel, and West Texas Intermediate crude rose 34 …